Macy's, Inc. Confirms Planned Macy's Store Closures

3 days ago · As previously disclosed, the 66 Macy's locations will close as part of the company's Bold New Chapter strategy Macy's Inc. (NYSE: M) today confirmed the closure of 66 Macy’s …

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Macy’s To Close 65 More Stores This Year: Locations Affected

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Dec 16, 2024 · The closures are part of Macy’s long-term strategy, announced earlier this year, to streamline its operations by closing 150 underperforming stores—around 30% of its total …

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Macy's To Close 65 US Stores. What To Know About Its AZ Locations

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Dec 16, 2024 · The store closures are part of a plan to revitalize Macy's sales. In this year's third-quarter earnings report, the company reported net sales of $4.7 billion, a decrease of 2.4% …

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FAQs about Macy's, Inc. Confirms Planned Macy's Store Closures Coupon?

Why is Macy's closing 66 stores?

Macy’s is closing more than five dozen store locations across the United States as part of the company's ongoing reorganization strategy. The retailer confirmed Jan. 9 that it was shuttering 66 "underproductive" stores across 22 states in an effort to "return the company to sustainable, profitable sales growth." ...

How many Macy's stores will close this year?

Macy's just announced the list of locations it will shutter this year. The 66 closures are part of a broader plan to shutter 150 stores by the end of 2026. The department store chain has struggled as shoppers turn to lower-priced rivals and online retailers. Macy's just revealed a list of 66 stores across 22 states that will close this year. ...

Why did Macy's close 150 stores in 2026?

The closures are part of Macy’s long-term strategy, announced earlier this year, to streamline its operations by closing 150 underperforming stores—around 30% of its total locations—by 2026. Dubbed “A Bold New Chapter,” the plan redirects resources into 350 stores that the company sees as more viable for future growth. ...

Why is Macy's closing a store?

“Closing any store is never easy, but as part of our Bold New Chapter strategy, we are closing underproductive Macy’s stores to allow us to focus our resources and prioritize investments in our go–forward stores, where customers are already responding positively to better product offerings and elevated service,” CEO Tony Spring said. ...

When will Macy's close in New York City?

A customer exits the Macy's flagship department store in Herald Square in New York City on Dec. 11, 2023. Sales at Macy's namesake stores have lagged the most — and that business will see the biggest changes. The company plans to close about 150 stores, including 50 that will close by early 2025. ...

Is Macy's closing more underperforming stores?

With its net sales down 2.4% year over year, the retail giant is closing even more underperforming stores, Macy’s shared in an earnings call. [Photo: Eric Thayer/Bloomberg via Getty Images] ...